Used extensively in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. These compounds are valuable in pharmaceuticals, agrochemicals, and material science. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) and fine chemicals. Its boronic acid group enables efficient and selective bond formation, making it a versatile building block in medicinal chemistry. Additionally, it is employed in the development of sensors and catalysts due to its ability to interact with various functional groups.